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Axos Financial (AX) Financials

Axos Financial logo
$98.23 -0.59 (-0.60%)
As of 08/26/2026 03:58 PM Eastern
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Annual Income Statements for Axos Financial

Annual Income Statements for Axos Financial

This table shows Axos Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 119 134 152 155 183 216 241 307 450 433 490
Consolidated Net Income / (Loss)		 119 135 152 155 183 216 241 307 450 433 490
Net Income / (Loss) Continuing Operations		 119 135 152 155 183 216 241 307 450 433 490
Total Pre-Tax Income 		205 233 240 213 263 306 340 432 635 613 647
Total Revenue		 327 381 439 491 581 644 721 904 1,184 1,259 1,480
Net Interest Income / (Expense)		 261 313 368 409 478 539 607 783 961 1,128 1,247
Total Interest Income		 318 387 475 565 623 618 660 1,157 1,656 1,815 1,957
Loans and Leases Interest Income		 291 359 447 525 583 584 627 1,049 1,500 1,655 1,831
Investment Securities Interest Income		 27 28 28 40 40 33 33 108 156 161 125
Total Interest Expense		 57 74 107 156 145 79 53 374 694 688 710
Deposits Interest Expense		 43 56 80 117 127 61 34 339 671 668 646
Long-Term Debt Interest Expense		 - 0.00 0.00 0.75 0.68 1.50 1.12 3.67 2.21 1.83 0.97
Federal Funds Purchased and Securities Sold Interest Expense		 11 12 23 33 12 4.67 4.63 13 3.09 1.65 18
Other Interest Expense		 2.85 5.16 3.88 5.62 5.65 12 13 18 18 16 45
Total Non-Interest Income		 66 68 71 83 103 105 113 120 223 131 234
Other Service Charges		 50 61 65 77 96 105 84 92 99 99 198
Net Realized & Unrealized Capital Gains on Investments		 16 7.19 5.56 6.05 6.87 - 0.00 0.00 92 0.00 0.00
Investment Banking Income		 - - - - 0.00 0.00 29 28 31 32 36
Provision for Credit Losses		 9.70 11 26 27 42 24 24 24 33 56 101
Total Non-Interest Expense		 113 138 174 251 276 315 357 448 516 590 733
Salaries and Employee Benefits		 67 82 101 127 144 153 167 204 251 298 323
Net Occupancy & Equipment Expense		 15 19 23 33 43 54 64 76 86 98 114
Marketing Expense		 6.87 9.37 16 15 15 14 14 37 43 48 49
Other Operating Expenses		 20 21 25 60 50 69 87 107 109 117 166
Depreciation Expense		 4.80 6.09 8.57 16 24 24 25 23 27 29 81
Income Tax Expense		 86 98 87 58 79 90 99 125 185 180 156
Basic Earnings per Share		 $1.87 $2.11 $2.41 $2.50 $3.01 $3.64 $4.04 $5.15 $7.82 $7.61 $8.66
Weighted Average Basic Shares Outstanding		 62.91M 63.36M 63.06M 61.24M 59.51M 59.36M 59.97M 59.98M 56.89M 56.49M 56.73M
Diluted Earnings per Share		 $1.87 $2.10 $2.37 $2.48 $2.98 $3.56 $3.97 $5.07 $7.66 $7.43 $8.48
Weighted Average Diluted Shares Outstanding		 62.91M 63.36M 63.06M 61.24M 59.51M 59.36M 59.97M 59.98M 56.89M 56.49M 56.73M
Weighted Average Basic & Diluted Shares Outstanding		 62.91M 63.36M 63.06M 61.24M 59.51M 59.36M 59.97M 59.98M 56.89M 56.49M 56.73M

Quarterly Income Statements for Axos Financial

This table shows Axos Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 152 111 105 112 105 105 111 112 128 125 125
Consolidated Net Income / (Loss)		 152 111 105 112 105 105 111 112 128 125 125
Net Income / (Loss) Continuing Operations		 152 111 105 112 105 105 111 112 128 125 125
Total Pre-Tax Income 		217 156 144 159 150 148 156 150 176 165 156
Total Revenue		 353 295 291 321 308 309 321 323 385 392 380
Net Interest Income / (Expense)		 229 262 260 292 280 275 280 291 332 306 318
Total Interest Income		 395 444 453 484 456 433 442 466 514 478 499
Loans and Leases Interest Income		 358 405 409 438 411 395 411 430 478 453 470
Investment Securities Interest Income		 37 38 44 46 45 38 32 36 36 25 29
Total Interest Expense		 166 182 193 192 176 157 162 175 182 172 181
Deposits Interest Expense		 160 177 188 187 171 153 157 169 167 152 158
Long-Term Debt Interest Expense		 1.01 0.38 0.38 0.54 0.48 0.33 0.48 0.29 0.27 0.20 0.22
Federal Funds Purchased and Securities Sold Interest Expense		 0.53 0.74 1.29 0.53 0.51 0.31 0.31 0.31 0.31 6.77 10
Other Interest Expense		 4.34 4.11 4.15 3.88 4.12 3.93 4.53 4.72 14 13 13
Total Non-Interest Income		 124 33 31 29 28 33 41 32 53 86 62
Other Service Charges		 24 25 23 21 20 25 34 24 45 77 53
Investment Banking Income		 7.36 8.11 7.65 7.95 7.98 8.12 7.75 8.53 8.83 9.40 9.22
Provision for Credit Losses		 14 6.00 6.00 14 12 15 15 17 25 41 18
Total Non-Interest Expense		 122 133 141 147 145 146 151 156 185 186 206
Salaries and Employee Benefits		 59 67 69 74 74 75 75 77 82 82 83
Net Occupancy & Equipment Expense		 22 22 21 23 24 26 25 27 27 29 32
Marketing Expense		 9.79 10 12 14 11 11 11 12 13 13 11
Other Operating Expenses		 24 26 31 28 30 27 32 32 39 40 54
Depreciation Expense		 6.49 7.22 7.50 7.45 7.03 6.85 7.69 8.34 23 22 27
Income Tax Expense		 66 45 40 47 46 43 45 38 47 41 31
Basic Earnings per Share		 $2.65 $1.94 $1.83 $1.97 $1.83 $1.84 $1.97 $1.99 $2.27 $2.20 $2.20
Weighted Average Basic Shares Outstanding		 56.90M 56.97M 56.89M 57.09M 57.10M 56.37M 56.49M 56.64M 56.68M 56.88M 56.73M
Diluted Earnings per Share		 $2.62 $1.91 $1.75 $1.93 $1.80 $1.81 $1.89 $1.94 $2.22 $2.15 $2.17
Weighted Average Diluted Shares Outstanding		 56.90M 56.97M 56.89M 57.09M 57.10M 56.37M 56.49M 56.64M 56.68M 56.88M 56.73M
Weighted Average Basic & Diluted Shares Outstanding		 56.90M 56.97M 56.89M 57.09M 57.10M 56.37M 56.49M 56.64M 56.68M 56.88M 56.73M

Annual Cash Flow Statements for Axos Financial

This table details how cash moves in and out of Axos Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Change in Cash & Equivalents		 264 157 -21 235 1,093 -913 537 807 -196 -9.42 -869
Net Cash From Operating Activities		 167 198 168 204 284 413 217 197 305 490 558
Net Cash From Continuing Operating Activities		 167 198 168 204 284 413 217 197 305 490 558
Net Income / (Loss) Continuing Operations		 119 135 152 155 183 216 241 307 450 433 490
Consolidated Net Income / (Loss)		 119 135 152 155 183 216 241 307 450 433 490
Provision For Loan Losses		 9.70 11 26 43 42 24 24 24 33 56 101
Depreciation Expense		 4.80 6.09 8.57 16 24 24 25 23 27 29 81
Amortization Expense		 -4.25 -7.42 -30 -30 -24 4.75 3.93 -1.62 -58 -108 -91
Non-Cash Adjustments to Reconcile Net Income		 43 49 30 16 4.66 40 26 -12 -24 1.65 118
Changes in Operating Assets and Liabilities, net		 -5.45 4.66 -19 4.13 54 104 -103 -144 -122 79 -142
Net Cash From Investing Activities		 -1,538 -789 -1,026 -932 -1,348 -867 -2,783 -2,399 -2,589 -1,841 -5,036
Net Cash From Continuing Investing Activities		 -1,538 -789 -1,026 -932 -1,348 -867 -2,783 -2,399 -2,589 -1,841 -5,036
Purchase of Investment Securities		 -500 -709 -146 -442 -545 -277 -3,084 -2,587 -2,741 -2,384 -5,352
Sale and/or Maturity of Investments		 2,545 3,989 5,086 6,282 5,771 5,171 301 188 152 543 316
Net Cash From Financing Activities		 1,634 747 837 962 2,157 -459 3,103 3,010 2,087 1,341 3,610
Net Cash From Continuing Financing Activities		 1,634 747 837 962 2,157 -459 3,103 3,010 2,087 1,341 3,610
Net Change in Deposits		 1,592 855 1,086 998 2,354 -521 3,131 3,177 2,236 1,470 3,736
Issuance of Debt		 60 0.00 -173 7.40 -9.05 175 39 -84 -27 0.00 200
Repayment of Debt		 -35 -102 -30 23 -140 -80 -52 -28 -8.94 -43 -274
Repurchase of Common Equity		 0.00 0.00 -35 -56 -39 -17 0.00 -49 -96 -58 -22
Other Financing Activities, Net		 -3.46 -6.10 -9.95 -9.92 -7.46 -11 -14 -6.14 -16 -28 -30
Cash Interest Paid		 56 74 106 153 145 78 50 368 699 687 705

Quarterly Cash Flow Statements for Axos Financial

This table details how cash moves in and out of Axos Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -650 582 -160 618 -130 -416 -81 709 -1,545 11 -43
Net Cash From Operating Activities		 119 115 44 71 163 74 183 118 104 42 293
Net Cash From Continuing Operating Activities		 119 115 44 71 163 74 183 118 104 42 293
Net Income / (Loss) Continuing Operations		 152 111 105 112 105 105 111 112 128 125 125
Consolidated Net Income / (Loss)		 152 111 105 112 105 105 111 112 128 125 125
Provision For Loan Losses		 14 6.00 6.00 14 12 15 15 17 25 41 18
Depreciation Expense		 6.49 7.22 7.50 7.45 7.03 6.85 7.69 8.34 23 22 27
Amortization Expense		 -8.91 -26 -20 -37 -21 -24 -25 -22 -39 -15 -14
Non-Cash Adjustments to Reconcile Net Income		 -72 -30 59 14 -14 9.24 -7.87 48 15 5.44 50
Changes in Operating Assets and Liabilities, net		 28 47 -114 -40 74 -38 83 -46 -48 -136 88
Net Cash From Investing Activities		 -1,236 -419 -434 -46 -269 -678 -849 -1,033 -2,384 -881 -738
Net Cash From Continuing Investing Activities		 -1,236 -419 -434 -46 -269 -678 -849 -1,033 -2,384 -881 -738
Purchase of Investment Securities		 -1,244 -8.44 -1,865 -97 -509 -704 -1,074 -1,125 -2,447 -944 -837
Sale and/or Maturity of Investments		 8.65 2,330 -6,609 52 240 27 225 91 63 63 99
Net Cash From Financing Activities		 467 887 230 593 -24 188 584 1,624 735 849 401
Net Cash From Continuing Financing Activities		 467 887 230 593 -24 188 584 1,624 735 849 401
Net Change in Deposits		 638 900 256 614 -38 202 693 1,435 968 -845 2,177
Issuance of Debt		 -107 -6.00 27 0.00 45 19 -64 200 - 1,773 -1,773
Repayment of Debt		 - -4.21 -32 -12 -30 - -1.37 -2.55 -231 -71 30
Repurchase of Common Equity		 -64 -0.60 -13 - - -26 -32 - - - -22
Other Financing Activities, Net		 -0.17 -2.13 -7.81 -9.48 -0.29 -6.33 -12 -8.47 -2.32 -8.42 -11
Cash Interest Paid		 171 179 197 192 175 157 163 173 181 169 182

Annual Balance Sheets for Axos Financial

This table presents Axos Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Total Assets		 7,599 8,502 9,540 11,220 13,852 14,266 17,401 20,348 22,855 24,783 29,962
Cash and Due from Banks		 487 628 623 511 1,756 716 1,203 2,233 1,980 1,934 1,109
Restricted Cash		 - - 0.00 346 194 322 372 149 206 243 199
Trading Account Securities		 472 273 180 372 410 808 603 367 209 206 968
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 6,409 7,400 8,470 9,420 97 42 16 24 16 10 20
Intangible Assets		 - 0.00 68 135 125 116 156 152 142 135 249
Other Assets		 217 169 199 436 11,269 12,261 15,051 17,423 20,302 22,256 27,417
Total Liabilities & Shareholders' Equity		 7,599 8,502 9,540 11,220 13,852 14,266 17,401 20,348 22,855 24,783 29,962
Total Liabilities		 6,916 7,667 8,579 10,147 12,621 12,865 15,758 18,431 20,565 22,102 26,795
Non-Interest Bearing Deposits		 589 849 1,015 1,442 1,937 2,474 5,034 2,898 2,976 3,041 3,829
Interest Bearing Deposits		 5,455 6,051 6,970 7,541 9,400 8,341 8,912 14,225 16,384 17,789 20,737
Short-Term Debt		 35 20 0.00 239 348 535 512 445 301 351 366
Long-Term Debt		 783 694 512 826 734 1,304 1,037 612 490 512 1,268
Other Long-Term Liabilities		 52 52 82 100 203 210 263 251 415 410 596
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 684 834 961 1,073 1,231 1,401 1,643 1,917 2,291 2,681 3,166
Total Preferred & Common Equity		 684 834 961 1,073 1,231 1,401 1,643 1,917 2,291 2,681 3,166
Total Common Equity		 684 834 961 1,073 1,231 1,401 1,643 1,917 2,291 2,681 3,166
Common Stock		 332 347 367 391 413 433 454 481 511 550 594
Retained Earnings		 385 519 671 826 1,009 1,188 1,428 1,736 2,186 2,619 3,109
Treasury Stock		 -31 -37 -82 -149 -195 -223 -237 -292 -403 -488 -540
Accumulated Other Comprehensive Income / (Loss)		 -7.30 0.49 -0.61 0.02 -0.94 2.51 -2.93 -6.61 -2.47 0.35 3.91

Quarterly Balance Sheets for Axos Financial

This table presents Axos Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Total Assets		 18,741 19,782 20,825 21,624 22,642 23,569 23,709 23,981 27,432 28,201 29,249
Cash and Due from Banks		 1,756 2,324 2,162 1,569 2,130 2,571 2,438 2,001 2,561 1,010 1,168
Restricted Cash		 197 180 252 195 216 233 235 256 325 330 183
Trading Account Securities		 307 367 97 385 314 223 213 172 241 921 935
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 4.75 8.22 8.01 13 16 15 25 16 12 19 24
Intangible Assets		 158 155 150 147 144 139 138 136 206 196 211
Other Assets		 16,319 16,748 18,157 19,314 19,822 20,389 20,660 21,400 24,087 25,725 26,728
Total Liabilities & Shareholders' Equity		 18,741 19,782 20,825 21,624 22,642 23,569 23,709 23,981 27,432 28,201 29,249
Total Liabilities		 16,953 17,938 18,849 19,546 20,446 21,163 21,187 21,377 24,639 25,271 26,184
Non-Interest Bearing Deposits		 3,442 3,173 2,875 2,834 2,759 3,056 2,990 2,970 3,387 3,246 3,390
Interest Bearing Deposits		 12,248 13,566 14,690 15,370 16,345 16,918 16,945 17,167 18,877 19,987 18,999
Short-Term Debt		 421 406 342 369 387 316 310 314 386 359 339
Long-Term Debt		 590 539 654 587 540 499 554 549 1,557 1,245 2,966
Other Long-Term Liabilities		 252 254 287 386 415 375 389 378 431 435 491
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,788 1,844 1,976 2,078 2,196 2,406 2,522 2,604 2,793 2,930 3,065
Total Preferred & Common Equity		 1,788 1,844 1,976 2,078 2,196 2,406 2,522 2,604 2,793 2,930 3,065
Total Common Equity		 1,788 1,844 1,976 2,078 2,196 2,406 2,522 2,604 2,793 2,930 3,065
Common Stock		 466 474 487 494 503 522 530 541 558 568 584
Retained Earnings		 1,568 1,648 1,818 1,970 2,081 2,298 2,403 2,508 2,731 2,859 2,984
Treasury Stock		 -240 -272 -323 -382 -385 -413 -413 -446 -496 -499 -507
Accumulated Other Comprehensive Income / (Loss)		 -6.95 -5.57 -6.39 -3.92 -3.06 -0.77 3.01 1.11 0.06 1.86 4.46

Annual Metrics And Ratios for Axos Financial

This table displays calculated financial ratios and metrics derived from Axos Financial's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - - 56,884,635.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 56,884,635.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 8.62
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 42.61% 16.50% 15.23% 11.82% 18.16% 10.92% 11.88% 25.41% 31.04% 6.31% 17.61%
EBITDA Growth		 48.24% 12.62% -5.57% -8.89% 31.94% 27.41% 10.12% 23.07% 33.25% -11.58% 19.10%
EBIT Growth		 45.46% 13.57% 3.01% -11.22% 23.41% 16.42% 11.19% 27.00% 47.19% -3.48% 5.42%
NOPAT Growth		 44.28% 12.95% 13.11% 1.78% 18.25% 17.59% 11.59% 27.60% 46.50% -3.80% 13.27%
Net Income Growth		 44.28% 12.95% 13.11% 1.78% 18.25% 17.59% 11.59% 27.60% 46.50% -3.80% 13.27%
EPS Growth		 39.55% 12.30% 12.86% 4.64% 20.16% 19.46% 11.52% 27.71% 51.08% -3.00% 14.13%
Operating Cash Flow Growth		 43.76% 18.93% -15.41% 21.74% 38.99% 45.22% -47.50% -9.19% 55.30% 60.51% 13.72%
Free Cash Flow Firm Growth		 -164.00% 257.52% 161.37% -322.76% 101.60% -8,798.59% 140.62% 81.46% -34.69% -108.43% -2,553.87%
Invested Capital Growth		 13.19% 3.14% -4.95% 45.20% 8.20% 40.11% -1.49% -6.82% 3.61% 14.99% 35.48%
Revenue Q/Q Growth		 6.71% 1.57% 2.80% 4.16% 4.00% 1.98% 4.96% 5.11% 4.82% 2.48% 4.10%
EBITDA Q/Q Growth		 5.12% 0.76% -0.48% 4.19% 6.62% 1.38% 1.93% 8.74% 1.66% 1.33% 4.93%
EBIT Q/Q Growth		 4.79% 2.01% -2.21% 2.34% 5.04% 2.49% 1.91% 8.90% 4.50% 1.90% 0.03%
NOPAT Q/Q Growth		 4.68% 2.14% 3.09% 2.32% 2.61% 4.33% 1.54% 10.61% 4.05% 1.36% 3.00%
Net Income Q/Q Growth		 4.68% 2.14% 3.09% 2.32% 2.61% 4.33% 1.54% 10.61% 4.05% 1.36% 3.00%
EPS Q/Q Growth		 112.50% 2.44% 2.60% 2.90% 3.11% 4.09% 2.06% 10.22% 4.36% 1.92% 3.41%
Operating Cash Flow Q/Q Growth		 34.38% -15.57% 15.41% 16.05% -5.22% 10.06% 27.92% -26.16% -9.93% 42.56% 24.49%
Free Cash Flow Firm Q/Q Growth		 84.94% 175.29% 320.94% -953.15% 107.95% -85.01% -91.12% 120.89% 249.77% -134.42% 68.41%
Invested Capital Q/Q Growth		 -6.29% -16.32% -24.28% -0.32% -4.67% 7.38% 0.00% 6.64% -1.35% 2.21% -24.64%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 62.76% 60.67% 49.72% 40.51% 45.23% 51.96% 51.14% 50.19% 51.03% 42.45% 42.99%
EBIT Margin		 62.59% 61.02% 54.55% 43.31% 45.23% 47.48% 47.18% 47.78% 53.67% 48.73% 43.68%
Profit (Net Income) Margin		 36.44% 35.33% 34.68% 31.57% 31.59% 33.49% 33.41% 33.99% 38.00% 34.39% 33.12%
Tax Burden Percent		 58.22% 57.90% 63.58% 72.90% 69.85% 70.55% 70.81% 71.15% 70.81% 70.58% 75.83%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 41.78% 42.10% 36.42% 27.10% 30.15% 29.45% 29.19% 28.85% 29.19% 29.42% 24.17%
Return on Invested Capital (ROIC)		 8.44% 8.83% 10.09% 8.60% 8.24% 7.77% 7.49% 9.96% 14.86% 13.07% 11.75%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.44% 8.83% 10.09% 8.60% 8.24% 7.77% 7.49% 9.96% 14.86% 13.07% 11.75%
Return on Net Nonoperating Assets (RNNOA)		 11.17% 8.92% 6.89% 6.66% 7.68% 8.62% 8.33% 7.29% 6.53% 4.35% 5.02%
Return on Equity (ROE)		 19.60% 17.75% 16.98% 15.26% 15.92% 16.39% 15.82% 17.26% 21.39% 17.42% 16.77%
Cash Return on Invested Capital (CROIC)		 -3.93% 5.75% 15.17% -28.27% 0.37% -25.64% 8.99% 17.02% 11.32% -0.87% -18.38%
Operating Return on Assets (OROA)		 3.05% 2.89% 2.66% 2.05% 2.10% 2.17% 2.15% 2.29% 2.94% 2.58% 2.36%
Return on Assets (ROA)		 1.78% 1.67% 1.69% 1.49% 1.46% 1.53% 1.52% 1.63% 2.08% 1.82% 1.79%
Return on Common Equity (ROCE)		 19.52% 17.75% 16.98% 15.26% 15.92% 16.39% 15.82% 17.26% 21.39% 17.42% 16.77%
Return on Equity Simple (ROE_SIMPLE)		 17.45% 16.15% 15.87% 14.46% 14.90% 15.40% 14.65% 16.02% 19.65% 16.15% 15.49%
Net Operating Profit after Tax (NOPAT)		 119 135 152 155 183 216 241 307 450 433 490
NOPAT Margin		 36.44% 35.33% 34.68% 31.57% 31.59% 33.49% 33.41% 33.99% 38.00% 34.39% 33.12%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 26.95% 28.88% 31.85% 35.59% 34.72% 34.30% 33.99% 35.15% 32.07% 35.26% 32.86%
Operating Expenses to Revenue		 34.45% 36.08% 39.58% 51.12% 47.50% 48.84% 49.52% 49.54% 43.59% 46.84% 49.49%
Earnings before Interest and Taxes (EBIT)		 205 233 240 213 263 306 340 432 635 613 647
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 205 231 218 199 263 335 368 454 604 534 636
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.63 1.80 2.66 1.56 1.07 1.96 1.30 1.22 1.42 1.60 1.75
Price to Tangible Book Value (P/TBV)		 1.63 1.80 2.87 1.78 1.19 2.14 1.44 1.32 1.52 1.68 1.90
Price to Revenue (P/Rev)		 3.41 3.94 5.82 3.40 2.27 4.27 2.97 2.58 2.75 3.41 3.74
Price to Earnings (P/E)		 9.39 11.19 16.82 10.79 7.19 12.75 8.89 7.59 7.23 9.90 11.30
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 10.65% 8.94% 5.94% 9.27% 13.90% 7.84% 11.25% 13.18% 13.82% 10.10% 8.85%
Enterprise Value to Invested Capital (EV/IC)		 0.96 1.02 1.66 0.88 0.19 1.10 0.66 0.34 0.60 0.84 1.22
Enterprise Value to Revenue (EV/Rev)		 4.42 4.13 5.57 3.82 0.77 5.51 2.93 1.11 1.57 2.36 3.96
Enterprise Value to EBITDA (EV/EBITDA)		 7.05 6.81 11.20 9.43 1.71 10.61 5.73 2.22 3.08 5.56 9.22
Enterprise Value to EBIT (EV/EBIT)		 7.07 6.77 10.21 8.82 1.71 11.61 6.22 2.33 2.93 4.85 9.07
Enterprise Value to NOPAT (EV/NOPAT)		 12.14 11.69 16.06 12.10 2.45 16.46 8.78 3.28 4.14 6.87 11.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.68 7.93 14.58 9.18 1.58 8.60 9.75 5.12 6.09 6.06 10.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 17.97 10.69 0.00 54.81 0.00 7.31 1.92 5.43 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.20 0.86 0.53 0.99 0.88 1.31 0.94 0.55 0.35 0.32 0.52
Long-Term Debt to Equity		 1.15 0.83 0.53 0.77 0.60 0.93 0.63 0.32 0.21 0.19 0.40
Financial Leverage		 1.32 1.01 0.68 0.78 0.93 1.11 1.11 0.73 0.44 0.33 0.43
Leverage Ratio		 11.03 10.61 10.05 10.21 10.88 10.68 10.40 10.60 10.27 9.58 9.36
Compound Leverage Factor		 11.03 10.61 10.05 10.21 10.88 10.68 10.40 10.60 10.27 9.58 9.36
Debt to Total Capital		 54.48% 46.13% 34.75% 49.80% 46.78% 56.76% 48.52% 35.54% 25.67% 24.35% 34.04%
Short-Term Debt to Total Capital		 2.33% 1.29% 0.00% 11.16% 15.03% 16.52% 16.03% 14.98% 9.77% 9.89% 7.62%
Long-Term Debt to Total Capital		 52.15% 44.84% 34.75% 38.63% 31.75% 40.24% 32.49% 20.56% 15.90% 14.45% 26.42%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 45.52% 53.87% 65.25% 50.20% 53.22% 43.24% 51.48% 64.46% 74.33% 75.65% 65.96%
Debt to EBITDA		 3.98 3.09 2.34 5.35 4.12 5.50 4.20 2.33 1.31 1.61 2.57
Net Debt to EBITDA		 1.61 0.31 -0.51 1.04 -3.31 2.40 -0.07 -2.92 -2.31 -2.46 0.51
Long-Term Debt to EBITDA		 3.81 3.00 2.34 4.15 2.80 3.90 2.81 1.35 0.81 0.96 1.99
Debt to NOPAT		 6.86 5.30 3.36 6.86 5.90 8.53 6.43 3.44 1.76 1.99 3.33
Net Debt to NOPAT		 2.78 0.53 -0.73 1.33 -4.74 3.72 -0.11 -4.31 -3.10 -3.03 0.67
Long-Term Debt to NOPAT		 6.56 5.15 3.36 5.32 4.00 6.04 4.31 1.99 1.09 1.18 2.59
Noncontrolling Interest Sharing Ratio		 0.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -56 88 229 -510 8.18 -712 289 525 343 -29 -767
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -0.98 1.18 2.15 -3.26 0.06 -9.00 5.50 1.40 0.49 -0.04 -1.08
Operating Cash Flow to Interest Expense		 2.94 2.68 1.58 1.31 1.96 5.21 4.12 0.53 0.44 0.71 0.79
Operating Cash Flow Less CapEx to Interest Expense		 2.94 2.68 1.58 1.31 1.96 5.21 4.12 0.53 0.44 0.71 0.79
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 29.04 24.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,502 1,549 1,472 2,137 2,313 3,240 3,192 2,974 3,082 3,543 4,801
Invested Capital Turnover		 0.23 0.25 0.29 0.27 0.26 0.23 0.22 0.29 0.39 0.38 0.35
Increase / (Decrease) in Invested Capital		 175 47 -77 665 175 928 -48 -218 107 462 1,257
Enterprise Value (EV)		 1,448 1,575 2,448 1,877 449 3,550 2,113 1,006 1,861 2,973 5,866
Market Capitalization		 1,117 1,504 2,559 1,670 1,317 2,748 2,139 2,331 3,256 4,287 5,540
Book Value per Share		 $10.84 $13.16 $15.36 $17.51 $20.63 $23.65 $27.54 $32.43 $40.21 $47.55 $55.66
Tangible Book Value per Share		 $10.84 $13.16 $14.27 $15.31 $18.53 $21.69 $24.92 $29.86 $37.72 $45.17 $51.28
Total Capital		 1,502 1,549 1,472 2,137 2,313 3,240 3,192 2,974 3,082 3,543 4,801
Total Debt		 818 714 512 1,064 1,082 1,839 1,549 1,057 791 863 1,634
Total Long-Term Debt		 783 694 512 826 734 1,304 1,037 612 490 512 1,268
Net Debt		 331 71 -111 207 -869 801 -26 -1,325 -1,395 -1,314 326
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 818 714 512 1,064 1,082 1,839 1,549 1,057 791 863 1,634
Total Depreciation and Amortization (D&A)		 0.55 -1.32 -21 -14 -0.01 29 29 22 -31 -79 -10
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.85 $2.07 $2.41 $2.50 $3.01 $3.64 $4.04 $5.15 $7.82 $7.61 $8.66
Adjusted Weighted Average Basic Shares Outstanding		 63.27M 63.61M 62.78M 61.24M 59.51M 59.36M 59.97M 59.98M 56.89M 56.49M 56.73M
Adjusted Diluted Earnings per Share		 $1.85 $2.07 $2.37 $2.48 $2.98 $3.56 $3.97 $5.07 $7.66 $7.43 $8.48
Adjusted Weighted Average Diluted Shares Outstanding		 63.27M 63.61M 62.78M 61.24M 59.51M 59.36M 59.97M 59.98M 56.89M 56.49M 56.73M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 63.27M 63.61M 62.78M 61.24M 59.51M 59.36M 59.97M 59.98M 56.89M 56.49M 56.73M
Normalized Net Operating Profit after Tax (NOPAT)		 119 135 152 155 183 216 241 307 450 433 490
Normalized NOPAT Margin		 36.44% 35.33% 34.68% 31.57% 31.59% 33.49% 33.41% 33.99% 38.00% 34.39% 33.12%
Pre Tax Income Margin		 62.59% 61.02% 54.55% 43.31% 45.23% 47.48% 47.18% 47.78% 53.67% 48.73% 43.68%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.61 3.14 2.25 1.36 1.81 3.86 6.47 1.15 0.92 0.89 0.91
NOPAT to Interest Expense		 2.10 1.82 1.43 0.99 1.26 2.73 4.58 0.82 0.65 0.63 0.69
EBIT Less CapEx to Interest Expense		 3.61 3.14 2.25 1.36 1.81 3.86 6.47 1.15 0.92 0.89 0.91
NOPAT Less CapEx to Interest Expense		 2.10 1.82 1.43 0.99 1.26 2.73 4.58 0.82 0.65 0.63 0.69
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.26% 0.23% 0.20% 0.15% 0.21% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.26% 0.23% 23.29% 36.53% 21.39% 7.82% 0.00% 15.94% 21.40% 13.44% 4.48%

Quarterly Metrics And Ratios for Axos Financial

This table displays calculated financial ratios and metrics derived from Axos Financial's official financial filings.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 56,678,249.00 56,884,635.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 56,678,249.00 56,884,635.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 2.20 2.20
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 54.55% 27.48% 23.03% 30.53% -12.71% 4.77% 10.49% 0.85% 25.07% 27.01% 18.14%
EBITDA Growth		 74.79% 14.81% 8.10% 6.91% -36.74% -4.63% 5.33% 5.61% 17.16% 31.87% 21.58%
EBIT Growth		 85.47% 35.63% 23.41% 34.73% -30.85% -4.80% 7.90% -5.84% 16.75% 11.63% 0.11%
NOPAT Growth		 86.10% 38.66% 20.05% 35.93% -31.02% -4.98% 5.53% 0.01% 22.65% 18.51% 12.89%
Net Income Growth		 86.10% 38.66% 20.05% 35.93% -31.02% -4.98% 5.53% 0.01% 22.65% 18.51% 12.89%
EPS Growth		 94.07% 44.70% 22.38% 39.86% -31.30% -5.24% 8.00% 0.52% 23.33% 18.78% 14.81%
Operating Cash Flow Growth		 11.57% 298.20% -43.50% 107.06% 37.08% -36.36% 395.93% 67.31% -35.94% -42.96% 59.82%
Free Cash Flow Firm Growth		 96.93% 91.74% -100.81% -338.98% -196.59% -6.33% -14,173.41% -927.74% -312.78% -1,067.64% -222.45%
Invested Capital Growth		 8.40% 11.99% 3.61% 8.37% 11.60% 10.99% 14.99% 47.03% 33.92% 83.74% 35.48%
Revenue Q/Q Growth		 43.59% -16.43% -1.30% 10.22% -3.98% 0.31% 4.08% 0.60% 19.08% 1.86% -3.18%
EBITDA Q/Q Growth		 77.77% -36.34% -3.89% -1.71% 5.19% -4.03% 6.15% -1.45% 16.70% 8.02% -2.14%
EBIT Q/Q Growth		 83.99% -28.45% -7.17% 10.25% -5.57% -1.50% 5.21% -3.79% 17.10% -5.82% -5.64%
NOPAT Q/Q Growth		 83.64% -27.05% -5.28% 7.12% -6.81% 0.50% 5.20% 1.52% 14.28% -2.90% 0.22%
Net Income Q/Q Growth		 83.64% -27.05% -5.28% 7.12% -6.81% 0.50% 5.20% 1.52% 14.28% -2.90% 0.22%
EPS Q/Q Growth		 89.86% -27.10% -8.38% 10.29% -6.74% 0.56% 4.42% 2.65% 14.43% -3.15% 0.93%
Operating Cash Flow Q/Q Growth		 246.76% 1.23% -61.81% 61.74% 129.57% -54.66% 148.85% -35.41% -12.10% -59.63% 597.24%
Free Cash Flow Firm Q/Q Growth		 -245.91% -168.59% 98.90% -5,447.68% -81.08% 3.71% -47.56% -299.45% 27.27% -172.37% 59.25%
Invested Capital Q/Q Growth		 2.07% 2.97% -1.35% 4.53% 5.10% 2.40% 2.21% 33.66% -4.27% 40.49% -24.64%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 60.95% 46.43% 45.21% 40.32% 44.17% 42.26% 43.10% 42.22% 41.38% 43.88% 44.35%
EBIT Margin		 61.63% 52.77% 49.63% 49.65% 48.82% 47.95% 48.47% 46.35% 45.58% 42.14% 41.07%
Profit (Net Income) Margin		 43.03% 37.56% 36.05% 35.03% 34.00% 34.07% 34.43% 34.74% 33.34% 31.79% 32.90%
Tax Burden Percent		 69.81% 71.18% 72.63% 70.57% 69.64% 71.05% 71.04% 74.96% 73.16% 75.43% 80.11%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 30.19% 28.82% 27.37% 29.43% 30.36% 28.95% 28.96% 25.04% 26.84% 24.57% 19.89%
Return on Invested Capital (ROIC)		 15.73% 14.35% 14.10% 14.24% 12.86% 12.70% 13.08% 11.02% 11.27% 9.19% 11.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.73% 14.35% 14.10% 14.24% 12.86% 12.70% 13.08% 11.02% 11.27% 9.19% 11.68%
Return on Net Nonoperating Assets (RNNOA)		 8.00% 6.65% 6.19% 5.89% 5.09% 4.74% 4.35% 5.84% 5.10% 6.76% 4.99%
Return on Equity (ROE)		 23.73% 21.00% 20.29% 20.13% 17.95% 17.43% 17.44% 16.86% 16.37% 15.95% 16.66%
Cash Return on Invested Capital (CROIC)		 5.71% 3.31% 11.32% 7.46% 2.52% 2.55% -0.87% -27.20% -17.47% -49.35% -18.38%
Operating Return on Assets (OROA)		 3.26% 2.81% 2.72% 2.82% 2.62% 2.53% 2.56% 2.29% 2.35% 2.25% 2.22%
Return on Assets (ROA)		 2.27% 2.00% 1.98% 1.99% 1.82% 1.79% 1.82% 1.72% 1.72% 1.70% 1.78%
Return on Common Equity (ROCE)		 23.73% 21.00% 20.29% 20.13% 17.95% 17.43% 17.44% 16.86% 16.37% 15.95% 16.66%
Return on Equity Simple (ROE_SIMPLE)		 19.33% 19.69% 0.00% 19.94% 17.15% 16.40% 0.00% 15.50% 15.58% 15.53% 0.00%
Net Operating Profit after Tax (NOPAT)		 152 111 105 112 105 105 111 112 128 125 125
NOPAT Margin		 43.03% 37.56% 36.05% 35.03% 34.00% 34.07% 34.43% 34.74% 33.34% 31.79% 32.90%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 25.80% 33.99% 35.21% 34.88% 35.29% 36.44% 34.47% 35.71% 31.66% 31.51% 33.03%
Operating Expenses to Revenue		 34.54% 45.20% 48.31% 45.99% 47.20% 47.36% 46.87% 48.32% 47.93% 47.41% 54.23%
Earnings before Interest and Taxes (EBIT)		 217 156 144 159 150 148 156 150 176 165 156
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 215 137 132 129 136 131 139 137 159 172 168
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.52 1.40 1.42 1.49 1.58 1.41 1.60 1.71 1.67 1.57 1.75
Price to Tangible Book Value (P/TBV)		 1.63 1.50 1.52 1.58 1.67 1.49 1.68 1.85 1.79 1.69 1.90
Price to Revenue (P/Rev)		 2.96 2.72 2.75 2.84 3.28 3.00 3.41 3.79 3.65 3.39 3.74
Price to Earnings (P/E)		 7.85 7.11 7.23 7.46 9.22 8.63 9.90 11.04 10.69 10.13 11.30
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 12.74% 14.07% 13.82% 13.41% 10.85% 11.59% 10.10% 9.05% 9.36% 9.87% 8.85%
Enterprise Value to Invested Capital (EV/IC)		 0.77 0.53 0.60 0.49 0.64 0.66 0.84 0.81 1.13 1.06 1.22
Enterprise Value to Revenue (EV/Rev)		 2.20 1.47 1.57 1.26 1.79 1.86 2.36 3.04 3.84 4.76 3.96
Enterprise Value to EBITDA (EV/EBITDA)		 4.06 2.79 3.08 2.59 4.08 4.34 5.56 7.09 9.11 11.17 9.22
Enterprise Value to EBIT (EV/EBIT)		 4.13 2.72 2.93 2.35 3.57 3.80 4.85 6.35 8.17 10.48 9.07
Enterprise Value to NOPAT (EV/NOPAT)		 5.84 3.83 4.14 3.31 5.03 5.36 6.87 8.87 11.26 14.23 11.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.60 4.88 6.09 4.65 5.64 6.66 6.06 7.14 10.73 15.13 10.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.08 16.91 5.43 6.88 26.96 27.27 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.46 0.42 0.35 0.34 0.34 0.33 0.32 0.70 0.55 1.08 0.52
Long-Term Debt to Equity		 0.28 0.25 0.21 0.21 0.22 0.21 0.19 0.56 0.43 0.97 0.40
Financial Leverage		 0.51 0.46 0.44 0.41 0.40 0.37 0.33 0.53 0.45 0.74 0.43
Leverage Ratio		 10.44 10.50 10.27 10.13 9.85 9.71 9.58 9.81 9.52 9.39 9.36
Compound Leverage Factor		 10.44 10.50 10.27 10.13 9.85 9.71 9.58 9.81 9.52 9.39 9.36
Debt to Total Capital		 31.50% 29.69% 25.67% 25.31% 25.51% 24.89% 24.35% 41.02% 35.38% 51.88% 34.04%
Short-Term Debt to Total Capital		 12.16% 12.40% 9.77% 9.81% 9.14% 9.07% 9.89% 8.15% 7.91% 5.32% 7.62%
Long-Term Debt to Total Capital		 19.34% 17.29% 15.90% 15.50% 16.36% 15.82% 14.45% 32.88% 27.46% 46.57% 26.42%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 68.50% 70.31% 74.33% 74.69% 74.49% 75.11% 75.65% 58.98% 64.62% 48.12% 65.96%
Debt to EBITDA		 1.66 1.56 1.31 1.33 1.62 1.64 1.61 3.59 2.84 5.45 2.57
Net Debt to EBITDA		 -1.40 -2.39 -2.31 -3.25 -3.39 -2.65 -2.46 -1.74 0.47 3.22 0.51
Long-Term Debt to EBITDA		 1.02 0.91 0.81 0.82 1.04 1.04 0.96 2.88 2.20 4.89 1.99
Debt to NOPAT		 2.38 2.14 1.76 1.70 2.00 2.02 1.99 4.49 3.51 6.94 3.33
Net Debt to NOPAT		 -2.01 -3.28 -3.10 -4.15 -4.18 -3.27 -3.03 -2.18 0.58 4.10 0.67
Long-Term Debt to NOPAT		 1.46 1.25 1.09 1.04 1.28 1.28 1.18 3.60 2.73 6.23 2.59
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -83 -224 -2.46 -136 -247 -238 -351 -1,403 -1,020 -2,778 -1,132
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -0.50 -1.23 -0.01 -0.71 -1.40 -1.51 -2.16 -8.03 -5.60 -16.16 -6.25
Operating Cash Flow to Interest Expense		 0.71 0.63 0.23 0.37 0.92 0.47 1.13 0.68 0.57 0.24 1.62
Operating Cash Flow Less CapEx to Interest Expense		 0.71 0.63 0.23 0.37 0.92 0.47 1.13 0.68 0.57 0.24 1.62
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.06 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,034 3,124 3,082 3,221 3,386 3,467 3,543 4,736 4,534 6,370 4,801
Invested Capital Turnover		 0.37 0.38 0.39 0.41 0.38 0.37 0.38 0.32 0.34 0.29 0.35
Increase / (Decrease) in Invested Capital		 235 335 107 249 352 343 462 1,515 1,149 2,903 1,257
Enterprise Value (EV)		 2,344 1,656 1,861 1,589 2,178 2,289 2,973 3,839 5,144 6,776 5,866
Market Capitalization		 3,152 3,075 3,256 3,578 3,988 3,684 4,287 4,782 4,880 4,823 5,540
Book Value per Share		 $36.00 $38.60 $40.21 $42.28 $44.17 $45.60 $47.55 $49.45 $51.73 $54.08 $55.66
Tangible Book Value per Share		 $33.46 $36.06 $37.72 $39.84 $41.76 $43.22 $45.17 $45.81 $48.27 $50.36 $51.28
Total Capital		 3,034 3,124 3,082 3,221 3,386 3,467 3,543 4,736 4,534 6,370 4,801
Total Debt		 955 927 791 815 864 863 863 1,943 1,604 3,305 1,634
Total Long-Term Debt		 587 540 490 499 554 549 512 1,557 1,245 2,966 1,268
Net Debt		 -808 -1,419 -1,395 -1,988 -1,810 -1,395 -1,314 -943 263 1,953 326
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 955 927 791 815 864 863 863 1,943 1,604 3,305 1,634
Total Depreciation and Amortization (D&A)		 -2.42 -19 -13 -30 -14 -18 -17 -13 -16 6.82 12
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.65 $1.94 $1.83 $1.97 $1.83 $1.84 $1.97 $1.99 $2.27 $2.20 $2.20
Adjusted Weighted Average Basic Shares Outstanding		 56.90M 56.97M 56.89M 57.09M 57.10M 56.37M 56.49M 56.64M 56.68M 56.88M 56.73M
Adjusted Diluted Earnings per Share		 $2.62 $1.91 $1.75 $1.93 $1.80 $1.81 $1.89 $1.94 $2.22 $2.15 $2.17
Adjusted Weighted Average Diluted Shares Outstanding		 56.90M 56.97M 56.89M 57.09M 57.10M 56.37M 56.49M 56.64M 56.68M 56.88M 56.73M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 56.90M 56.97M 56.89M 57.09M 57.10M 56.37M 56.49M 56.64M 56.68M 56.88M 56.73M
Normalized Net Operating Profit after Tax (NOPAT)		 152 111 105 112 105 105 111 112 128 125 125
Normalized NOPAT Margin		 43.03% 37.56% 36.05% 35.03% 34.00% 34.07% 34.43% 34.74% 33.34% 31.79% 32.90%
Pre Tax Income Margin		 61.63% 52.77% 49.63% 49.65% 48.82% 47.95% 48.47% 46.35% 45.58% 42.14% 41.07%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.31 0.85 0.75 0.83 0.85 0.94 0.96 0.86 0.96 0.96 0.86
NOPAT to Interest Expense		 0.91 0.61 0.54 0.58 0.59 0.67 0.68 0.64 0.71 0.73 0.69
EBIT Less CapEx to Interest Expense		 1.31 0.85 0.75 0.83 0.85 0.94 0.96 0.86 0.96 0.96 0.86
NOPAT Less CapEx to Interest Expense		 0.91 0.61 0.54 0.58 0.59 0.67 0.68 0.64 0.71 0.73 0.69
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 32.75% 23.25% 21.40% 16.22% 3.17% 9.13% 13.44% 0.00% 0.00% 6.79% 4.48%

Financials Breakdown Chart

Key Financial Trends

Axos Financial’s supplied statements show strong multi-year growth, although the latest quarter was mixed. From Q4 2022 to Q4 2026, total revenue increased from $192.5 million to $379.8 million, while net income rose from $58.0 million to $124.9 million. However, Q4 2026 included a sharp decline in non-interest income and a sizable increase in operating expenses compared with Q3 2026.

  • Net interest income continues to expand. Q4 2026 net interest income reached $317.9 million, up 3.8% from Q3 2026 and approximately 92% above Q4 2022. Loan interest income has been the primary growth driver.
  • Long-term earnings growth remains favorable. Net income increased from $58.0 million in Q4 2022 to $124.9 million in Q4 2026. Diluted EPS also improved from $0.96 to $2.17 over the same comparison.
  • Credit-loss provisions declined substantially in the latest quarter. The provision for credit losses fell to $17.9 million in Q4 2026 from $41.0 million in Q3, providing a meaningful boost to pretax earnings.
  • Operating cash flow improved sharply. Net cash from operating activities rose to $293.0 million in Q4 2026 from $42.0 million in Q3, supported by positive changes in operating assets and liabilities.
  • The balance sheet has expanded considerably. Total assets increased from $18.4 billion in the earliest supplied balance sheet to $29.2 billion in Q3 2026. Total common equity increased from $1.7 billion to $3.1 billion during the same period.
  • Deposit growth supports future lending and investment capacity. The latest quarter reported a $2.2 billion increase in deposits, and total deposits reached approximately $22.3 billion by Q3 2026, up materially from the earlier comparison period.
  • Q4 2026 revenue declined modestly sequentially. Total revenue was $379.8 million, down from $392.2 million in Q3, but net income was essentially stable at $124.9 million versus $124.7 million.
  • Cash usage reflects heavy investment activity. Axos purchased $836.8 million of investment securities in Q4 2026, resulting in $737.7 million of net investing cash outflow. This may represent balance-sheet deployment, but it also reduced cash by $43.5 million during the quarter.
  • Non-interest income weakened sharply. Q4 non-interest income fell to $61.9 million from $86.0 million in Q3, primarily because other service-charge income declined from $76.6 million to $52.7 million.
  • Operating expenses are rising. Total non-interest expense increased to $205.9 million in Q4 2026 from $186.0 million in Q3. Occupancy and equipment expense, other operating expenses and depreciation all increased sequentially.
  • Funding costs remain elevated. Deposit interest expense rose to $157.9 million in Q4 from $151.7 million in Q3. Cash interest paid also increased to $181.7 million from $168.9 million, which could pressure margins if asset yields do not keep pace.
  • Debt levels have grown alongside the balance sheet. Long-term debt was approximately $3.0 billion in Q3 2026, compared with roughly $745 million in the earliest supplied balance sheet. Debt can support growth, but it adds leverage and interest-rate risk.

Investor takeaway: Axos Financial’s core banking growth, expanding deposits, rising equity base and long-term earnings trajectory are constructive. Investors should nevertheless monitor the sustainability of service-charge revenue, the recent increase in operating expenses, funding costs and the company’s reliance on deposits and debt to finance rapid balance-sheet growth. Some supplied periods are labeled as calculated, restated or reported and do not include a Q4 2026 balance sheet, so quarter-to-quarter comparisons should be interpreted with care.

08/27/26 01:38 AM ETAI Generated. May Contain Errors.

Axos Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Axos Financial's financial year ends in June. Their financial year 2026 ended on June 30, 2026.

Axos Financial's net income appears to be on an upward trend, with a most recent value of $490.37 million in 2026, rising from $119.29 million in 2016. The previous period was $432.91 million in 2025. See Axos Financial's forecast for analyst expectations on what's next for the company.

Over the last 10 years, Axos Financial's total revenue changed from $327.35 million in 2016 to $1.48 billion in 2026, a change of 352.3%.

Axos Financial's total liabilities were at $26.80 billion at the end of 2026, a 21.2% increase from 2025, and a 287.5% increase since 2016.

In the past 10 years, Axos Financial's cash and equivalents has ranged from $486.63 million in 2016 to $2.23 billion in 2023, and is currently $1.11 billion as of their latest financial filing in 2026.

Over the last 10 years, Axos Financial's book value per share changed from 10.84 in 2016 to 55.66 in 2026, a change of 413.5%.


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Financial statements for NYSE:AX last updated on 8/20/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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